Credicorp Ltd. (BAP) Reaches New 1-Year High at $166.26
Credicorp Ltd. (NYSE:BAP) hit a new 52-week high on Tuesday . The company traded as high as $166.26 and last traded at $162.74, with a volume of 109,595 shares changing hands. The stock had previously closed at $162.15.
BAP has been the subject of a number of research analyst reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $154.00 price target on shares of Credicorp in a report on Tuesday, August 9th. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. boosted their price target on Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $165.25.
The company’s market capitalization is $12.98 billion. The company has a 50-day moving average price of $159.53 and a 200 day moving average price of $143.73.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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